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   THE TRUTH ABOUT BLOCKCHAIN   

What is the truth about blockchain?

Keep in mind that all knowledge must be verified to be true before we can accept and use it in our daily lives. Sometimes a group of people will claim to have knowledge about how the world works. They will tell you certain people lived in the past, or perhaps far away in distant lands, and accomplished certain actions. They purport to explain how hidden and unknown things work. They take their authority from people they do not know, and sometimes have never met. And those people before them or in distant lands might have been lying.

Unfortunately, it is clear that the vast majority of this type of knowledge that is handed down to us is hopelessly polluted, and ultimately impossible for you or anyone to personally verify. You must perceive something to know its truth, and if it is hidden from you, either in the time or space, it is impossible to establish its value as a piece of actionable intelligence.

At this point, the relevance of the above discussion of knowledge to the blockchain should be painfully obvious. Remember, that we earlier defined blockchain as a complex online database in which the market price of money is encrypted, meaning it is hidden. If something cannot be seen than how can it be known? Blockchain and cryptocurrencies are no different than those groups of people from the past or distant lands. You cannot personally see them, so you therefore cannot trust the truth of their records.

Because we understand that technology is defined by externality, we now can see that the blockchain crypto-currencies simply do not meet this criterion. By keeping the monetary value of virtual money hidden, these techniques in fact are based on the principle of internality, which is diametrically opposed to the truth of technology. Simply put: cryptocurrency based on the blockchain is an inherently false technology, that you are right to be extremely suspicious of.